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What's the format of a single entry sum? - Accounting Q&A
Accounting MascotAccounting Q&A

What's the format of a single entry sum?
submitted by shabab

Arnold

It is a one-sided journal entry, usually made to correct an error in an inadquate accounting system. It is either a debit or a credit, with no offsetting amount.

Mithun Mahato

Debtor and creditor

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